United

Crown

Bitcoin

Dubai

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    <p>An ex-takeaway <a rel="noopener noreferrer nofollow" title="worker" href="https://thebittimes.com/tag/worker.html">worker</a> living in the <a rel="noopener noreferrer nofollow" title="UK" href="https://thebittimes.com/tag/uk.html">UK</a> has been found <a rel="noopener noreferrer nofollow" title="guilty" href="https://thebittimes.com/tag/guilty.html">guilty</a> of <a rel="noopener noreferrer nofollow" title="laundering" href="https://thebittimes.com/tag/laundering.html">laundering</a> funds for a Chinese fraudster and managing over £2 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> ($2.5 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a>) in <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> that has now been seized by police.&nbsp;&nbsp;</p>
    <p>The Crown Prosecution Service (CPS) announced Jian Wen’s conviction at Southwark Court on Wednesday. It noted that the 42-year-old was guilty of one of three money laundering charges.&nbsp;</p>
    <p>Wen had reportedly lived a ‘modest lifestyle’ in Leeds before meeting Yadi Zhang, real name Zhimin Qian. Zhang is a Chinese national and a wanted fugitive accused of making $6 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> in <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> through scamming nationals in China.&nbsp;&nbsp;</p>
    <p>The two moved to London and bought a six-bedroom manor house in 2017. They reportedly claimed to be international jewelers with Wen acting as a ‘front person.’ Zhang gave Wen <strong>3,000 bitcoins, worth £15 million at the time</strong> and Wen helped convert it into various luxury items, cash, and property to disguise the true source of the funds.</p>
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      The pair rented the North London property for £17,000 a month.
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    <p>Wen was hampered by difficulties and reportedly struggled to buy luxury property in London when faced with know-your-customer checks. She also bought property in Dubai and jewelry in Zurich to help convert the crypto into ‘more tangible assets.’</p>
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         United Nations reports USDT used for money laundering across SE Asia
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      <p><em>Read more: US sanctions Russian woman for <a rel="noopener noreferrer nofollow" title="laundering" href="https://thebittimes.com/tag/laundering.html">laundering</a> oligarch funds with crypto</em></p>
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    <p>Wen is scheduled to be sentenced on May 10. Police have frozen more than <strong>£2 billion in bitcoin</strong> from Wen’s crypto wallets, and the CPS claims its investigation “could result in the forfeiture of the seized bitcoin regardless of whether Wen or the other suspect are convicted.”&nbsp;</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/takeaway-worker-guilty-of-laundering-billions-with-bitcoin-tbt83135.html">https://thebittimes.com/takeaway-worker-guilty-of-laundering-billions-with-bitcoin-tbt83135.html</a></p>

Takeaway worker guilty of laundering billions with bitcoin

TheBitTimes

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